Schemes Promoted by Bank of Baroda

Main Schemes Promoted by Bank of Baroda

Rate Interes Loan Service of t Incentives/ Scheme Details Eligibility Amou Security Repayments Charge Additional details Intere Subsid Benefit nt s st y Baroda Setting up/ All MSMEs in 5L- MCLR NA NA NA NA NA DSCR should not go Aarogyadha Purchase of ready Regulatory and 3000L based below the level of m Loan possession of new Expanded./Promoters rates 1.25 in any Clinic/Hospital etc. /owners should not particular Expansion/renovati be HUF./At-least one year.Operating on/modernization of the Promoters/ Profit Margin of existing Director( non- (before I, D & T) not Hospitals/facility. individual) / Doctors to be below 10% of Purchase of new should have requisite sales.Minimum medical diagnostic qualification in any Interest coverage equipment/office branch of medical Ratio should be equipments. science. 2.Current ratio To meet working Exclusion: Real Estate (excluding TL capital Projects are not installments) requirements eligible minimum 1.17 (only including stock of Promoters /owners for WC cases) medicines. should not be HUF. Note: At-least one of the Promoters/ Director( non- individual) / Doctors should have requisite qualification in any branch of medical science. Composite Fixed capital MSMEs Upto MCLR NA No Collateral Minimum 3 NA NA NA Loans investment and / or 100 based Security/ third years and working capital lakhs rates party maximum of requirement. guarantee be 10 years taken (which can be extended), with initial holiday of 12 months to 18 months. Working Working Capital MSMEs As per MCLR NA NA NA NA NA NA capital Finance to meet the based Finance their operating Book rates expenses, size purchasing and inventory, appra receivables isal financing, either by direct funding or by issuing letter of credit. Term Finance Fund Based Finance MSMEs As per MCLR NA NA NA NA NA NA for capital the based expenditure / Book rates acquisition of fixed size assets towards and starting / expanding appra a business or isal industrial unit or to swap with high cost existing debt from other bank / financial institution.Non- Fund Based Finance in the form of Deferred Payment Guarantee for acquisition of fixed assets towards starting / expanding a business or industrial unit. Baroda SME provides single line All Enterprises, i.e. 4.5 MCLR NA NAExclusive NA NA NA Loans upto Rs. 100/- loan pack of credit for meeting Micro, Small & times based charge on the lacs to Micro & SME borrowers Medium Enterprises, of rates assets of the Small Enterprises working capital as as defined under borro enterprise. will be covered well as long term MSMED Act, 2006, wer Personal under Credit requirements within and other entities tangib Guarantees of Guarantee Fund the overall limit with annual sales le net all promoter Trust Scheme approved by the turnover up to Rs. worth Directors / bank. 150/- crores as per Partners. exclusively banking last Charge on the with our bank/new audit unencumbered borrowers desirous ed personal of having sole Balan properties of banking arrangement ce the partners, with our bank. Sheet, promoter or, Rs. Directors, 5.00 wherever Crore applicable. s, Third party which guarantee in ever case of credit is line above lower. Rs.100.00 lacs to Micro & Small Enterprises as per Regulatory definition.Any other collateral for the credit line above Rs. 25.00 lacs in case of other Enterprises, i.e. Medium Enterprises and Enterprises based on the turnover criteria to maintain asset coverage ratio above 1.25. Baroda The MSME borrowers Barod MCLR NA NA 3 to 7 years NA NA Replacement of old MSME Capex manufacturing/servi (Regulatory) and SME a based including the machinery. loan ce sector units (Expanded) rated MSM rates moratorium Purchase of should have been BOB-5 and above. E period. balancing established in the Capex equipments line of activity for a card: Modernization. minimum period Min. Investment in two years, Account 25 Research and running with lacs Development. satisfactory dealings and Installation of for last one year & Max captive power above and No Rs. plants and adverse features are 5.00 Upgradation of reported in conduct Crore technology. of account. s. Alteration in lay out Barod of factory/office. a Acquisition of MSM software, hardware, E and tools, jigs, Capex fixtures etc. forming Loan: part of Plant & Min Machinery. 25 Purchase of cars, lacs passenger cars for and staff and other Max vehicles for use of Rs. business purpose. 2.00 Crore s. SME Short To meet temporary Micro, Small & 10L - MCLR NA First charge / To be repaid As 25% NA term loan shortfall / mismatch Medium Enterprises 250L based Equitable in 12 months Applica concession in in liquidity, for as per Regulatory rates mortgage of including ble applicable meeting genuine definition and all fixed assets of moratorium Service business other entities with the company / period. charges. requirements only. annual sales turnover firm or up to Rs. 150/- extension of crores. existing first charge / equitable mortgage of fixed assets, ensuring that there is a minimum asset cover of 1.25. Extension of Charge on current assets for the additional facility ensuring that adequate drawing power is available. Extension of all existing guarantees of Directors / Third party guarantees to cover the additional facility.

SME Medium To augment Micro, Small & 25L- MCLR NA First charge / Not exceeding As 25% Satisfactory credit term loan enterprises working Medium Enterprises 500L based Equitable 36- months, Applica concession in rating for the last capital gap and to as per Regulatory rates mortgage of to be repaid in ble applicable three years.Latest help in definition and all fixed assets of equal Service Balance Sheet etc. improvement of other entities with the Company / quarterly or charges. should be current ratio and annual sales turnover firm or half-yearly available.Satisfactor also for meeting of Rs. 1/- crore to Rs. extension of installments. y financial genuine business 150/- crores. existing first performance in requirements. The charge/ terms of facility will also be equitable Sales/turnover and available for mortgage of profits.Negative repayment of fixed assets, variance, if any, secured and ensuring that should not be more unsecured Loans of there is a than 10%. other banks or minimum asset Total Debt-equity institutions, but not cover of 1.25 ratio should not be for any purpose, higher than 4.5:1 which is not related and total Term to the enterprises Liability and equity activity. ratio should not be more than 3:1. Average DSCR should not be less than 1.75:1 Satisfactory dealings with the Bank for at least Three years.

Tech To provide New units set up with Need MCLR The NA NA NA NA NA upgradation encouragement to technology as per based based schem fund textile industrial guidelines of the rates e scheme* units for taking up scheme would also envisag technology up- be eligible for the es 5% gradation and to above benefit, or, interes modernize their 15% Credit Linked t production facilities. Capital Subsidy for reimbu Small Scale Sector rsemen and 20% for Power- t (4 loom Sector, or, 5% percen interest tage reimbursement plus for 10% capital subsidy spinnin for specified g processing industr machinery, technical y) of textiles machinery, the garmenting normal machinery and for interes CAD, CAM, Design t Studio, etc. charge d by the bank on the loans

Credit linked To facilitate Tiny and SSI units Upto MCLR 15% or NA NA NA NA Eligible units must capital Technology 100 based Rs. apply for subsidy subsidy Upgradation of Tiny lakhs rates 15/- support at the time scheme* and SSI units in the Lacs, of loan application specified whiche itself. products/sub- ver is Term Loans sectors as notified lower sactioned under the by Govt. of India by (Subsid CLCSS scheme are providing 15% y is only eligible for capital subsidy for calcula subsidy. induction of proven ted Claims are to be technologies with reached in the approved under the referen Ministry as per the scheme. ce to time-frame the stipulated by them. purcha That is, within the se next quarter of last price loan disbursement of (Reference date). eligible Plant and Machin ery approv ed under the schem e)

Coverage of To provide collateral all new and existing The MCLR NA Primary NA NA NA Composite all-in collateral free loans upto Rs. Micro and Small eligibl based security is the Guarantee Fee free loan* 200/- lacs (Up to Rs. Enterprises (both in e loan rates asset created ranges from 1.00% + 100 Lacs for Retail the Manufacturing limit out of the Risk Premium to Trade) to Micro & Sector as well as in under credit facility 2.00% + Risk Small Enterprises, as the Service Sector) as the extended to Premium depending defined under defined under Sche the borrower upon the limit MSMED Act, 2006. MSMED Act, 2006 me is and / or which availed from the up to are directly bank Rs.20 associated with 0 lacs the business / (Up to project of the Rs. borrower for 100 which the Lacs credit facility for has been Retail extended. Trade ). Scheme for Financing SMEs for SME units financed Upto MCLR IRDEA, For Sole NA NA NA Cost of financing acquisition of by bank as also other 75% based at Banking acquisition/modifica energy equipments, units desirous of of the rates presen Accounts : tion/renovation of efficiency services and shifting their account total t, gives Extension of equipment/softwar projects adopting measures to Bank of Baroda. projec a grant first charge on e. for enhancement of t cost, of Rs. all fixed assets. Cost of alterations energy subje 25,000 For to existing efficiency/conservat ct to /- for Consortium/M machinery. ion of energy. maxi project ultiple Banking Cost of structural / mum s Accounts : first layout changes. of Rs. costing charge on Cost of energy 1/- Rs. 1/- equipments audit/consultancy. crore crore acquired out of Preparation of or loan and Detailed Project below collateral, if Report (DPR). to any, with the meet total security partial coverage being cost of not less than Energy 1.25. Audit. This grant is availab le for the first 100 project s (SME Sectors only) approv ed by them.

Scheme for WC Requirements All new/existing units 25L- 12 - NA NA 12 month for As 50% NA textile both FB and NFB, engaged in textile 1500L 12.5% WC facility,TL- Applica concession in industry new project activity including job or cibil 9 years ble applicable financing,acquisition workers and traders based, Service ,purchase of plant which charges. and machinery ever is lower PMEGP* To generate Any individual, above Manu MCLR KVIC, Assets created NA NA NA Existing units (Under employment 18 years of age. At - 25 based Urban out of the PMRY,REGP or any opportunities in least VIII standard lakhs, rates gen bank's finance. other scheme of rural as well as pass for projects servic catego Personal Government of urban areas through costing above Rs.10 es - ry - guarantee of India or State setting up of self lakh in the 10 L 15%,SC the proprietor Government) and employment manufacturing sector /ST- / promoter. the units that have ventures.To provide and above Rs. 5 lakh 25%,Ru No collateral already availed continuous and in the business / ral gen security up to Government sustainable service sector catego Rs. 5 lakhs. Subsidy under any employment to a ry - Eligible units other scheme of large segment of 25%,SC will be covered Government of traditional and /ST- under Credit India or State prospective artisans 35% Guarantee and unemployed Fund scheme Government are not youth, so as to help for Micro & eligible. arrest migration of small rural youth to urban Enterprises – areas. CGMSE. (excluding Margin Money / subsidy component) KVIC-ISEC* To finance Institutional financing Need MCLR Interes NA NA NA NA NA institutional agencies – Khadi & based based t financing agencies Village Industries rates subsidy for lending to Khadi Commission, State limited & Village Industries Khadi & Village to the Industries Boards, differe Registered nce Institutions, Co- betwe operative Societies en the actual rate of interes t charge d by the Bank and 4% borne by the borrow ers Baroda e Cater to the needs Minimum -02- years TL- MCLR 0.25% Credit limits Overdraft: 12 As NA NA business of finance of firms / in existing business 100L, based conces above Rs.10.00 months Applica pack companies / activity/ies with WC- rates sion on Lac to Demand loan ble undertaking digital minimum 10% of the 400L applica Rs.200.00 Lac / Term Loan: as well as non- total sales of last 6 ble to other Maximum digital transactions months should be by rate of beneficiaries repayment of MSME Service way of digital mode interes engaged in the period shall sector and retail and the Firm / t as per activities of be up to 60 trade units. Company must be bank’s service sector months Linkage with POS profit making (Cash extant (other than (including machine / OR Code Profit) for the last guideli Retail Traders maximum / UPI based app / two years. nes activity) will be moratorium payment gateway Addition: promoter's collateral free period of -06- for digital Equity of minimum and eligible months) transactions. 0.333 times (1/3rd of loans will be credit facilities) covered with requested above Rs. CGTMSE 10.00 lac (DE ratio guarantee should be minimum scheme. 3:1) Credit limits above Rs. 10.00 lac to Rs. 500.00 lac to general Traders ( Retail Traders ) other than mentioned above in other Guidelines, will be collateraly secured by way of, fixed deposit, LIC/KVP/Liquid Security,Equita ble mortgage of non agriculture land standing in name of Enterprise or proprietor/ partner/ Director/Close Relatives with realizable value cover minimum of 50% of credit facility sanctioned. Commercial o provide hassle- Individual / upto MCLR NA No Collateral 5 years As No NA vehicle free Term Loan for Proprietorship 3000L based Security/ third Applica Prepayment finance purchase of New Firm/Partnership firm rates party ble Charges after Commercial Vehicle / company engaged guarantee be Completion to First Time Buyers in Transportation and taken of 50% of and Existing Fleet others for Captive Loan tenure. Operators and Use. Captive users. Baroda loan Acquiring premises Individuals /Sole tl- MCLR NA NA NA NA NA NA for & Proprietorship/Partn 500l, based restaurants renovation/moderni ership and company wc- rates zation of existing (Private/Public Ltd) or 50l premises and any other such interior decoration business entity. of restaurant (Non- Restaurants under lodging, non- franchisee model boarding). Purchase may be taken on of Kitchen merits. equipment/Furnitur e & fixtures and meeting working capital needs Baroda Laghu To meet the credit The scheme is 10L Repo NA NA The limit fixed NA NA NA Udhyami requirements of applicable to all based under the credit card Small business units, existing customers rates scheme will retail traders, under MSE sectors, be valid for a artisans, village who are dealing with period of -3- industries, small us for the last three years scale industrial units years satisfactorily and tiny units, and enjoying professionals and loan/operative limit self-employed up to Rs.10 lakh are persons, etc., eligible. MSE General Working Capital Any individual taking 25K- Repo NA NA Term NA NA NA CC Requirement up non-farm 10L based /Demand Financing new entrepreneurial rates Loan: project, i.e., activity across the Maximum 84 acquisition of land/ country months with - construction of However Individuals 12- months building, plant and will not be eligible for moratorium machinery based on “Baroda MSE General Working project Credit Card” if he/she Capital: For cost/expansion has been issued any 12months project type of credit card Non-fund based such as BKCC, BACC, facilities ( Bank BWCC, LUCC, Guarantee and BOBCARD, Any other Letter of Credit) type of credit card etc. except the Cards for consumption needs.

GST To provide Minimum CMR Rating 25L- MCLR NA NA Maximum up NA NA NA Receivable additional working upto CMR 5 in case of 1000L based to -9- months card capital assistance to limits up to Es. 10.00 rates including customers facing crores. In case CMR maximum crunch in liquidity not available, moratorium arising out of GST minimum rating of period up to - paid on purchases BOB 6 in Greenfield 3- months. and input tax credit projects and BOB 5 in on the same not yet other cases. claimed / eligible for Availing working refund. capital limits of Rs. 25.00 lacs or above from our Bank under Sole/ Multiple consortium banking arrangement. Property To provide need The business units 2L- MCLR NA NA Loan: NA NA NA pride based funding to should be profit 1000L based Maximum 60 Individuals/ Units making for the last 2 rates months engaged in trade of years. Units having Overdraft: 12 any commodity / less than -2- year’s months goods in physical establishment can form required by also be considered the community and subject to prior trading in them is approvals. not prohibited by Borrowers to comply law or opposed to with the Licensing public interest.To requirement for the provide need based business. funding to Individuals/ Units engaged in trade of any commodity / goods in physical form required by the community and trading in them is not prohibited by law or opposed to public interest. NHFDC To make available Any disabled person upto MCLR NA NA NA NA NA NA Refinance the facility of who fulfils the 25L based collateral free loan following criteria is rates for self-employment eligible to avail with Disabilities financial assistance – (PwDs) at NHFDC / Bank’s rate of interest under CGTMSE scheme. Baroda To provide working MSME units engaged 10L- MCLR NA NA NA NA NA OD: 25% Contractor capital assistance in contractor / sub- 3000L based BG / LC: 20% scheme (fund based / non contractor activity rates fund based) in the and falling within the form of running meaning of Micro, limit (overdraft), Small & Medium Inland / Foreign Enterprises as per Letter of Credit, Regulatory definition Bank Guarantee for and all other entities meeting working with annual sales capital needs to the turnover up to Rs. existing and 250/- crores. prospective contractors / sub- contractors. Scheme for WC Requirement Professionals in any 5L- MCLR NA NA 84 Months NA NA Term Loan/Demand professionals Purchase of discipline.should 500L based max Loan/Cash equipment possess a rates Credit/non-fund (Expanding/Renovat professional degree based facilities. ing) (recognized For Construction of University).Minimum office premises on ITR - taxable income self-owned land. of 2.5 lakhMinimum For acquisition of experience of 3 years ready built new in their respective office premises. fields. In case of NFB facilities CA/CS/ ICWA –3 years from the date of certificate of practice.Minimum bureau score of 700 Construction To provide hassle- Individual / 5000L MCLR NA No Collateral 60 Months NA NA Faster loan - Our and mining free Term Loan for Proprietorship based Security/ third loan sanction and equipment purchase of new Firm/Partnership firm rates party disbursal is one of construction and / company engaged guarantee be the quickest with mining equipment in construction or taken hassle-free to Eligible First Time Mining activity documentation and Buyer, Small, (Contractors). doorstep service. Medium, Large and No Prepayment Strategic segment Charges after contractors and Completion of 50% Mining operators. of Loan tenure. No Prepayment Charges for loans upto Rs. 50.00 Lacs, if the borrower is classified as Micro or Small Enterprise. MSME textile Financing working All new/existing units 25L- MCLR NA Assessment of NA NA NA NA scheme capital (including taken over 2500L based limit will be requirements for from other banks) rates independent of New project i.e. engaged in textile TUFS subsidy acquisition / activity including Job construction of land worker /Traders and building and falling under SME plant and machinery Segment as per (including second regulatory definition. hand plant and machinery as per guidelines) based on the project cost. Artisan credit Financing All All artisans involved 25K-2 MCLR NA NA 36 Months NA NA NA card* artisans involved in in L based production/manufac production/manufact rates turing process uring process (and otherwise eligible for credit facility for carrying out the proposed activities under any of the existing bank’s schemes) would be eligible. Preference would be given to artisans registered with Development Commissioner (Handicrafts) Thrust in financing would be on clusters of artisans and artisans who have joined to form Self Help Groups (SHGs). All existing artisans borrowers of the bank enjoying credit facilities up to Rs. 2/- lacs and having satisfactory dealings with the bank. Weaver The scheme aims at Existing or Rs.5.0 MCLR 4.35% Exclusive NA NA nterest Pl. note that interest Mudra providing adequate experienced 0 Lacs based at Hypothecation subsidy- To subsidy will be scheme* and timely Handloom Weavers (Inclu rates presen Charge on provide available only up to assistance from the involved in weaving sive t machinery and working -3- years from the Bank to the weavers activity of subject stock capital loans date of first to meet their credit Dema to Credit at the disbursement) requirement i.e. for nd change guarantee interest rate investments need as Loan in from CGTMSE of 6% to well as for Working and MCLR handloom Capital in a flexible W.C. shall sector; the and cost effective financ be quantum of manner. The e) calcula interest scheme will be ted subsidy to be implemented both and borne by the in rural and urban adjuste Govt of India areas. d in will be the limited to the accoun difference t on between the quarter actual rate of ly interest as basis. applicable/ch arged by the Banks and 6% interest to be borne by the borrower. The maximum interest subsidy would be capped at 7%. Margin Money assistance: @20% of the project cost subject to a maximum of Rs.10000/- per weaver will be provided. Loan to To purchase Business 75K- MCLR NA NA DL-36 One NA Guarantee scheme - business computer and its Correspondents and 2.50 L based Months, TL-60 time CGTMSE Corresponde peripherals and also Kiosk Operators who rates Months guaran nts setting up or have valid agreement tee fee renovation of office. with service at To meet working providers engaged by specifie capital requirement our bank for the d rate for cash purpose of providing a) management and banking services 1.00% processing of day to under financial in the day transactions inclusion. case up through settlement Age: 18 to 60 Years to Rs.5 account. All vendors / lakh b) Purchase of vehicle suppliers (falling 0.75% for visits to villages within SME in case to perform BC Regulatory / Non up to activities Regulatory to classification only) of Rs.50 Large Real Estate lakh Developers to which sanctio program limits have ned to been approved units in North Eastern Region includi ng State of Sikkim. The ASF at specifie d rate (curren tly 0.50%i n the case up to Rs.5 lakh) on prorate basis for the first and last year and in full for interve ning years.

Bill Financing All the vendors / suppliers Need MCLR NA NA 90 days NA NA NA discounting vendors / suppliers (falling within SME based based product for (falling within SME Regulatory / Non rates vendor of Regulatory / Non Regulatory large estate Regulatory classification only) of developers classification only) Large Real Estate of Large Real Estate Developers Developers Bill To provide easy Anchor: Need MCLR NA NA 90 days NA NA NA discounting finance to eligible Manufacturing/Servic based based under Value vendors/sub es enterprises, except rates chain finance vendors of those involved in - investment grade Gems and Jewellery, corporates with Agriculture based, good financial real estate and NBFC discipline by way of Vendor/Supplier: All discounting of vendors/suppliers bills/invoices drawn recommended by by the Anchor vendors/suppliers on the corporates. SME gold To meet emergent All Micro, Small and Need As per NA Charge on 12 months – NA NA NA card requirements and Medium Enterprises based Credit current assets, to be allowed tie up temporary – as per regulatory Rating extension of on 4 occasions mismatch in definition and SMEs and as charge on fixed during the liquidity arising out as per expanded applic assets if year for a of delayed payment definition viz;. able stipulated for maximum by buyers, tax entities with their to CC. period of 2 payment etc. annual sales turnover Cash Personal months on up to Rs. 250/- crores Credit guarantee of each occasion. fulfilling following Directors criteria:- Collateral security as available to other facilities. Dealers or maintaining Any trader, firm or Need MCLR NA NA 12 months NA NA Stocks should be /traders - stocks of company or any based based adequately insured Agri input agricultural inputs institution or co- rates against fire and like seeds, fertilizers operative society SRCC risks with Bank and pesticides, etc. engaged in Interest Clause. which could be distribution of hypothecated or agricultural inputs is pledged to Bank. eligible under this Dealers/distributors scheme to the extent of cattle/poultry of the credit needs feed upto Rs. 40 related only to the lacs. distribution function Dealers in tools (individual farmers required for are not eligible under Horticulture/Poultry this scheme). , etc. Sprinklers/Drip Irrigation/Agricultur al Machineries up to Rs.30/lacs. Fishing Nets Spare parts for oil engines/tractors/fis hing boat engines Petrol diesel pump run by Co-op. Sugar Factory, Agricultural Produce Marketing Society, Fishermen Co-op. Society at Fisheries Jetty, etc. Advances against high yielding/hybrid seeds produced under contract with the National Seeds Corporation Ltd. or State Government or which bear the certification of the said Corporation or as the case may be, the concerned State Government or any certification age

Note: Marked in * are centrally sponsored schemes actively promoted by the bank